Uber Technologies Inc. drivers scored a major victory against the ride-hailing company Tuesday when a California federal judge agreed to certify a class of Golden State drivers who claim they were mislabeled as independent contractors and cheated out of tips.
The Indian government will amend the country’s Income Tax Act to clarify that foreign investors won’t have to pay the minimum alternate tax on income earned before April 1 of this year, Indian Finance Minister Arun Jaitley said Tuesday.
Haggen Holding LLC launched a $1 billion antritrust suit against Albertsons LLC on Tuesday in Delaware federal court, claiming the defendant sabotaged the West Coast regional grocer's efforts to become a viable competitor, forcing Haggen to close at least 26 stores it bought from Albertsons.
The Patent Trial and Appeal Board is taking a close look at a hedge fund's attempt to invalidate a Shire PLC drug patent, requesting more information Tuesday on whether two of the fund's petitions should be dismissed for abusing the America Invents Act review program.
A Virginia federal jury cleared drugmaker Eli Lilly & Co. on Tuesday of allegations it had negligently downplayed the risks of Cymbalta withdrawal in its labeling, shooting down the last claims of a trimmed-down suit from two women who claimed they suffered severe withdrawal symptoms.
The IRS on Tuesday released regulations to curb the use of partnerships to structure transactions to avoid recognizing taxable income with respect to controlled foreign corporations.
British buyout group Montague Private Equity, which targets middle-market companies around Europe and the U.S., said Monday it has closed its fifth fund after reaching its €2.75 billion ($3.1 billion) hard cap, advised by Proskauer Rose LLP.
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